anb Capital and London-based Lexham Partners have launched a $200 million growth fund focused on MENA technology companies, with a strong emphasis on Saudi Arabia.
The vehicle will back firms at the growth and pre-IPO stage through a mix of equity and secondary transactions, prioritising businesses with scalable platforms and alignment to Saudi Vision 2030’s digital transformation agenda.
Dominic Perks, Managing Partner of Lexham Partners, described the initiative as a sign of accelerating investor appetite for the region. “The MENA region is entering a golden era for growth investing. We see a powerful combination of entrepreneurial talent, capital inflows, and structural reforms creating exceptional opportunities to back the next generation of category-defining technology companies. This fund gives us the scale to partner with ambitious founders and help them build businesses that can achieve global significance,” he said.
Founded in 2008, anb Capital is a wholly owned subsidiary of Arab National Bank and operates across asset management, investment banking, brokerage, and private equity.
Perks co-founded and previously served as CEO of Hambro Perks, originally founded with Rupert Hambro in 2013. In February 2021, he jointly led the launch of the $50 million Oryx Fund, targeting early-stage MENA startups in fintech, healthtech, and edtech. Perks stepped down from his role at Hambro Perks in April 2023, and the firm rebranded as Salica Investments in mid-2024. Lexham Partners was established soon after, alongside Sanjiv Somani, former CEO of Chase UK.
By mobilising institutional capital, the new fund seeks to expand access to growth financing, deepen MENA’s venture ecosystem, and advance regional capital markets, areas where Saudi Arabia has been pushing to attract global and domestic investors under its Vision 2030 strategy.
